Communications Cross Ownership Act of 1981

[AI summary unavailable — showing source text] Communications Cross-Ownership Act of 1981 - Amends the Communications Act of 1934 to prohibit the Federal Communications Commission (FCC) from granting a commercial broadcasting station license to any applicant who owns, controls, or operates a daily newspaper if the station's signal will encompass the community in which such newspaper is published. Requires any person who controls a commercial broadcasting station licensed by the FCC and who subsequently controls a daily newspaper which is published in the same community to dispose of any interest in such newspaper by a specified date. Prohibits the FCC from renewing any commercial broadcasting station license for a term ending after June 1, 1980, if the licensee involved: (1) controls the only commercial radio or television station whose signal encompasses the community required to be served under the license; and (2) controls the only daily newspaper published in the community. Exempts a radio station licensee from such prohibition if a commercial television station not owned by such licensee serves the same community. Makes a licensee who controls a daily newspaper in the same community eligible for license renewal without rel…